5/98 Petrel Ave

Off Market

5/98 Petrel Ave

Mermaid Beach QLD 4218

Unit

Last sold for $458,000

Richard Snowden, last sold this property on 18 June 2023 after 12 days on market.

Overview

Mermaid Beachside

This ground floor beachside apartment is within walking distance to the golden sands of Mermaid beach. Whether you're an early riser or like to socialise when the sun goes down, you'll be spoilt for choice as Nobby's precinct can offer you a morning coffee or a late night cocktail. The ground floor apartment is ideal for anyone looking to get their foot in the property market with all the benefits of living beachside. - North facing apartment captures an abundance of natural light - Covered outdoor area perfect for catching the sun or reading a book - Freshly painted apartment with floating timber floors throughout - Recently updated ceiling fans and down-lights - Positioned on 1017m2 allotment – 15 units in total - On site pool area – secure underground parking - Body corporate fee $82per week – Sinking fund $14,620 - Council Rates $1834pa - Water rates $1000pa - Rental return approximately $500-$550 per week Disclaimer: All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath does not accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connect with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change.

Features

1 bedroom

1 bathroom

1 carspace

1 open car space

Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Mermaid Beach over the last 12 months, the estimated median property value of 5/98 Petrel Ave is $730k.

Median value

$730k

Estimated value range

$680k - $805k

Median days on market

Estimated value trend

17%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Mermaid Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5/98 Petrel Ave

2025

Rented

Undisclosed

Leased on 11 Nov 2025 by McGrath Surfers Paradise

2024

Rented

Undisclosed

Leased on 25 Mar 2024 by McGrath Surfers Paradise

2023

Rented

Undisclosed

Leased on 09 Jul 2023 by McGrath Surfers Paradise

Happy sellers in Mermaid Beach

91%

91% of sellers in Mermaid Beach reported that their sale price either exceeded or met their price expectations.

Mermaid Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 52 reviews in Mermaid Beach over the last 12 months.

Local market activity for 1 bedroom units in Mermaid Beach

In the last 12 months, 7 one-bedroom units similar to 5/98 Petrel Ave, have been sold.

This represents a 67% increase in one-bedroom units sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Mermaid Beach for a free market appraisal.

Trent Hones

at Ray White Malan + Co - Broadbeach

(126 reviews)

Get a free market appraisal

Guy Powell

at Coastal Broadbeach

(321 reviews)

Get a free market appraisal

Gypsea Youngsmith

at Kollosche

(36 reviews)

Get a free market appraisal

Paulette Koriacos

at Amir Prestige Mermaid Beach

(37 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Mermaid Beach

Trent Hones

Trent Hones is an award winning recommended agent for Mermaid Beach. They have 21 local sales and collected 22 local reviews across the last 12 months.

5 (126 reviews)
22 Reviews in Mermaid Beach
21 Sales in Mermaid Beach

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Guy Powell

Sellers who recommend Guy Powell have praised them for being clear communication, local expert, friendly, honest, responsive, supportive and easy to work with